trend line and drawing showing Direction only.. NO SPIKE.. Not so good with mapping the road.. But the direction is Clear. also FIB levels. BTW... What are you expecting?? Any Charts.. I am expecting this thing to retrace to 160.20 ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Are you expecting further-1100 pips spike down? from 151xx area It wont be the spike..it might be a rally on some BS news.. First thing Falling Broadening Wedges break to the Upside.. Secondly its a CUP and Handle formation .. can be identified on ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

falling.wedge ( BAD DRAWING).( 151- 150.69) ALSO REVERSE MOTIVE WAVE.

Auslanco - GBP/JPY and GBP/USD (newstrade)

This looks like a Motive Wave. from 153 to 163 was motive...where you can see wave1-5. from 163- 153 .. and below( 151). would also be a reverse Motive.. Then Up from there.IMO. Look Up Basic Motive Wave... for reference. GL. P.S.. i still see ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Patience

Auslanco - GBP/JPY and GBP/USD (newstrade)

I am expecting a bounce off 158.15- 158.01 area..Divergence should be Bullish from there .. good for 100-200 pips.. or more IMO.. IF ever there!!!

Auslanco - GBP/JPY and GBP/USD (newstrade)

How did you get GANN.. AND QQE.. ON meta trader... i am trying to find this on platform its not there???

Auslanco - GBP/JPY and GBP/USD (newstrade)

THESE FXCM USA .. are rip offs. On demo i was tring to close a position.. i could not.. so talk to tech support.. they said i have to open anothe position to cancel...at least CMSFX.. lets you close...without taking commissions both ways... RIP ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

ITS OVERSOLD... ON 1 HR some retrace is possible.. These indis are telling you that its oversold right,,,? BUT. This will turn into Hidden bearish Divergence... where you will see.. Price moving Down.. and INDIS.. going UP.. IMO..

Auslanco - GBP/JPY and GBP/USD (newstrade)

Perfect FIB CONFLUENCE... CHART from DEMO. 160.82....161.92- 162.. another possible Short entry. IF 157 IS BROKEN DECISIVELY THEN 153XX.. OTHER WISE UP.UP Reverse Motive Wave How do you make parallel trendline in MT4???

Auslanco - GBP/JPY and GBP/USD (newstrade)

Sorry it was on Demo.. I am trying some platforms from UK.. one of them I went 100 lots.. Buy.. to see the margin levels.. its very hard to get used to different plat forms... I am used to VT trader.. it is very user friendly... but my Broker is not ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

GUYS i just had a Margin call!!!

Auslanco - GBP/JPY and GBP/USD (newstrade)

Thanks PITERS.. I believe patterns of all sorts.. repeat themselves... We are in no doubt at a point of reversal.. but from where that is the Question?... 169.XX is a high probability... Why this thing cant just go there in a staright line???

Auslanco - GBP/JPY and GBP/USD (newstrade)

, ITS SHOW TIME ..FOR NEXT 2 AND HALF HOURS...4 hr candle close...

Auslanco - GBP/JPY and GBP/USD (newstrade)

PITERS, With all due respect... What Stars have to do with this??? Unless..its doji star..evening.morning..shooting...STAR.

Auslanco - GBP/JPY and GBP/USD (newstrade)

I think you are right.. We have Bullish divergence on 15M... According to my chart too.. image

Auslanco - GBP/JPY and GBP/USD (newstrade)

A-B-C correction on 1HR..IMO. Before NY opens. 50% - 61.8% retrace,, then Launch time.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Here is daily..

Auslanco - GBP/JPY and GBP/USD (newstrade)

,,,, LOL..LOL

Auslanco - GBP/JPY and GBP/USD (newstrade)